Madam, – I read reports (Chicago’s Real Estate Daily) of an attempted sale by Anglo Irish Bank of a past-due (non-performing since April) $100 million loan in respect of an office building on West Washington Street, Chicago. These loans were apparently advanced by Anglo to a group which included Irish investors and a property company, Golub Co. It is speculated that Golub may buy back the loan for a 20 per cent discount. If true, this would mark an escalation of the ever-increasing nightmare of Anglo – that delinquent speculators would be able to regain control of their loans and properties at a discount. Meanwhile, we, the nation, will still be liable for the full amount. The truly shocking ramifications of the calamitous bank guarantee are becoming clearer as we approach its second anniversary. – Yours, etc,